Q: Dear Ma'am, I have an outstanding loan (amount: 25k) for a bank but unfortunately, I have lost my job last April 2019, but now I want to settle it. So what is the minimum amount I should pay to avoid any future consequences? Thank you! Best Regards, R.

Q: I have just lost a job with three months of garden leave till 30th June 2021. The salary transfer loan amounts to AED 600,000 outstanding. There is of course a signed blank cheque given to the bank. What options do I have to settle the loan with the bank? My preference would be to go to court and fight against the bank to settle.

Q: I lost my job in the UAE and returned home with a bank loan and credit card debts. I had additional cards with my wife's first name on them. My questions are: 1. Will my wife be able to travel to the UAE or is she subject to my travel ban? 2. How can I pay my debt from overseas if my UAE bank account is not active?

Q: Hi, The credit card people are contacting me after 3 years. They said it's a call from a lawyer's office and the guy writes provocative messages on Whatsapp to show that I am not willing to cooperate. How long is the security cheque valid for? Can they contact my employer? The thing is I was paying until I found out that it was not added to the amount but considered as fines and fees! Then I lost my job, left the country for 2 yrs, and came back. The amount they claim is 9k. Thank you.

The management of individual financial affairs is crucial and all the actions must be weighed down while committing to any financial liability. Whether it's job loss that may have lead to financial failure or the opposite, one must be aware of the personal liability which will not diminish by paying fines for cheque bounce cases. There are two major types of liabilities, criminal liability and civil liability. Each has its own significance, hence, must be dealt with accordingly.

In the UAE, cheque bounce is a very frequent problem faced by people during their span in the country. It is covered under the purview of Commercial Transactions Law, and legal implications/penalties can be financially severe and daunting for more “serious” offenses. Bounced cheque issues may arise in a variety of commercial transactions, including but not limited to, companies’ exchanges, bank loans, property rents or purchases, and individual transactions.

The UAE travel ban may be imposed on a person on various grounds, for instance, as the result of criminal offences, unpaid loans, breach of immigration laws or family matters. Implications of such a ban can be financially severe and daunting for the affected person. This article aims to give readers a clear understanding of what is the UAE travel ban, what are the grounds and procedures for its imposition and removal, how to check if the person is banned from travelling and other related topics.

The provisions of this law, promulgating UAE Civil Code, govern the civil transactions in the United Arab Emirates. The commercial transactions remain subject to the laws and regulations applicable in their regard.

This Law promulgates the Federal Penal Code (Criminal Law) of the United Arab Emirates. Crimes and chastisement punishments shall be determined in accordance with the provisions of this Law and other penal codes.